IATA collaborates with Aviation Impact Accelerator on net zero financial assessment, ET TravelWorld

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The International Air Transport Association (IATA) has partnered with the Aviation Impact Accelerator (AIA), an international industry-academia collaboration based at the University of Cambridge, to accelerate the aviation sector’s transition to achieve net-zero CO2 emissions by 2050.

The collaboration aims to evaluate the financial implications of reaching the industry’s net-zero CO2 goal by 2050. By building on existing work, the partnership will develop scenario-based tools that will enable airlines to analyse and assess various decarbonisation pathways.

The primary objective of this collaboration is to provide airlines and policymakers with informed insights to support decision-making during the transition to a net-zero future. Additionally, the partnership between IATA and AIA will establish a strong foundation for long-term cooperation.

The Aviation Impact Accelerator, a group of international experts assembled by the University of Cambridge, leverages a wide range of expertise to accelerate the journey towards sustainable aviation. Over the past three years, the collaboration has developed world-class network capabilities and system modeling expertise.

IATA introduces Net Zero tracking for industry emission reporting

The International Air Transport Association plans to publish the annual Track Zero report, consolidating data from member airlines to offer a comprehensive industry-level progress report. This transparent report aims to assist airlines, governments, and investors in making informed decisions to expedite decarbonisation efforts. The first report, incorporating airline-contributed data, is set to be released in Q4 2024.

“We are excited to launch this new collaboration between AIA and IATA, investigating realistic pathways for aviation’s transition to net-zero emissions by 2050. IATA has a strong track record of fostering cooperation between airlines and other stakeholders, and driving change in the sector. We believe that by bringing this together with AIA’s unique modeling capability, we have an opportunity to unlock change,” stated Prof. Rob Miller, Director of the Whittle Laboratory at the University of Cambridge and AIA lead. “The development of different technological pathways will have an influence on the long-term outlook of our industry, and our collaboration will notably explore this intersection,” added Marie Owens Thomsen, IATA’s Senior Vice President Sustainability and Chief Economist.

In addition to the financial assessment, the future collaboration between AIA and IATA aims to work together on the development of IATA’s Recommended Practice Per-Passenger CO2 Calculation Methodology and other related areas.

By combining the methodology with verified airline operational data, the collaboration seeks to provide accurate and transparent calculations of carbon footprints from flying activities to those interested in understanding the environmental impact.

  • Published On Jul 19, 2023 at 02:30 PM IST

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